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Nov 2, 2012
11/12
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john williams speaks today about the economy. earnings front, look for numbers from chevron, information resin investment, mcgraw hill, thomson reuters, "washington post." but today is about the unemployment report. how are we going to trade to this number? >> good morning, ross and kelly. th looks like the market's built in a better than expected number. we had a big rally yesterday. i think any number under 135 will create selling pressure. because we're up against resistance and the market is a little frothy. so i think if it's not a major beat, i think we sell off a little bit. >> the dollar getting traction across the board. euro-dollar below 129. dollar index up at fresh seven week highs. is that just a sign people are squaring themselves off ahead of a lot of event risk? >> i think that's always the days. we have the big jobs number as a factor, the election coming up, so there is a lot of reason to square here. and yesterday being the end of the year for all the mutual funds we have the news risk coming up the next couple
john williams speaks today about the economy. earnings front, look for numbers from chevron, information resin investment, mcgraw hill, thomson reuters, "washington post." but today is about the unemployment report. how are we going to trade to this number? >> good morning, ross and kelly. th looks like the market's built in a better than expected number. we had a big rally yesterday. i think any number under 135 will create selling pressure. because we're up against resistance...
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Oct 30, 2012
10/12
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small part of the economy. when exports slow, clearly that will feed through. having said that, the u.s. and china do seem to have bottomed out. >>. >> dan, thanks very much for joining us. and speaking of hurricane sandy, a levee break in new jersey is prompting rescue operations for new jersey. so the fallout continues. >>> still to come, more on the super storm sandy as it sweeps across the eastern u.s. >>> welcome back. these are the headlines today from around the globe. sandy roaring ashore, powerful storm dumps a ton of rain on theest east coast, knocks out power to millions and floods parts of lower manhattan. >> and shares of bp rising, hiking its dividend by more than 12%. >> and ubs will cut 10,000 jobs an weaned down it fixed income business. deutsche bank sees revenues boosted by debt trading. >> we hope you survived the night safely. >> and we're starting to get more of a sense of how damaging sandy has been. while hurricane sandy may not be a hurricane by name, it's still having a major impact. t
small part of the economy. when exports slow, clearly that will feed through. having said that, the u.s. and china do seem to have bottomed out. >>. >> dan, thanks very much for joining us. and speaking of hurricane sandy, a levee break in new jersey is prompting rescue operations for new jersey. so the fallout continues. >>> still to come, more on the super storm sandy as it sweeps across the eastern u.s. >>> welcome back. these are the headlines today from around...
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Oct 29, 2012
10/12
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economy together with the global economy is very fragile. we have low growth if not recession in europe and i think the financial markets are also very fragile, not justs because they're struggling to make gains where you have the tug of war between the core fundamentals versus the central bank liquidity, but volume has been so thin all year and then we have this event which could dry up the volume further. so things are flanragile. >> and low volume means liquid markets and could see dislocations? >> if we see for whatever reason some sort of selling coming into the market with low liquidity, you could see the market can down quite quickly. >> basically whenever you have conditions that aren't normal, more likely to see this kind of thing happen. >> absolutely. so if you're a short term trader, i would be very worried about taking any positions. if you're a longer term investor, just sit there and grin and bear it and hope things begin to stabilize. but it's all confluence of both the vulnerable economy, lack of liquidity in the market whic
economy together with the global economy is very fragile. we have low growth if not recession in europe and i think the financial markets are also very fragile, not justs because they're struggling to make gains where you have the tug of war between the core fundamentals versus the central bank liquidity, but volume has been so thin all year and then we have this event which could dry up the volume further. so things are flanragile. >> and low volume means liquid markets and could see...
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Nov 1, 2012
11/12
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economy. we're going to see some curtailment in gdp, if commerce in general during this period of time, it will probably have a slight negative blip on october gdp numbers and somewhat into november, as well. i think a lot of what's going on this week, let's wait until friday. friday is a jobs day. this is traditionally low volume week. i was a little surprised that there wasn't a little more volatility in the markets yesterday when they reopened. clearly there would have been a lot of pent up trading it demand one way or the other. and also with the fiscal year end for mutual funds. so clearly people are sort of sitting on their hands and waiting and seeing and we'll see what happens today. >> yesterday relatively smooth one might argue in discovering pricing. how do we trade through today's data? with the employment number out tomorrow, does that still overshadow everything? >> yeah, i think so. the fun thing thing is we're sitting here with this incredible storm which believe me having live
economy. we're going to see some curtailment in gdp, if commerce in general during this period of time, it will probably have a slight negative blip on october gdp numbers and somewhat into november, as well. i think a lot of what's going on this week, let's wait until friday. friday is a jobs day. this is traditionally low volume week. i was a little surprised that there wasn't a little more volatility in the markets yesterday when they reopened. clearly there would have been a lot of pent up...
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Oct 27, 2012
10/12
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. >> when i heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in washington. how much of the sudden decline in americas is related to washington? >> well, jim, i wish i could give you an exact bead on that. i will tell you, we saw it in both of our businesses, which is unusual, components and computers. in components, we saw deterioration through the quarter. july year on year, one picture, august looked worse and september looked worse. deterioration through the quarter, very surprising for us. after the june quarter, we thought we had seen a reset, signs of stabilization. it was deterioration through september, and we went through the disappointing last two weeks, when there is usually a big rush to spend the quarter-end budget. >> you invoked on the conference call, 2008-2009. i thought we put those bad days behind us, but it did make me feel like maybe i'm being too optimistic. >> yeah, jim. '08-'09, different for a couple of key reasons. a lot of the concerns were driven around the liquidity crisis. now, a mo
. >> when i heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in washington. how much of the sudden decline in americas is related to washington? >> well, jim, i wish i could give you an exact bead on that. i will tell you, we saw it in both of our businesses, which is unusual, components and computers. in components, we saw deterioration through the quarter. july year on year, one picture, august looked worse...
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Oct 31, 2012
10/12
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economy. any update to that figure? >> earlier comments, a lot of contingency plans, a lot of uncertainty here. but i think that's a fair estimate initially. let's look at governor christie's comments. depending so much on how fast the money gets back into the system and there's rebuilding. having lived in new york, you realize that the winter is coming. there's a huge inventive for people to start getting these things fixed right away. so that money will be put to work. so $30 billion is still our best estimate. at this point in time, depends on how quickly the money is put back into place. but having lived in this area, you probably appreciate the fact that actually a lot of improvements will happen now with better infrastructure, especially on the public sector level, so we actually could see an addition to economic growth in the first quarter greater than the loss in the fourth quarter. >> this is an important point, because as people try to sort out the impact, we've seen estimates from your firm that this could ta
economy. any update to that figure? >> earlier comments, a lot of contingency plans, a lot of uncertainty here. but i think that's a fair estimate initially. let's look at governor christie's comments. depending so much on how fast the money gets back into the system and there's rebuilding. having lived in new york, you realize that the winter is coming. there's a huge inventive for people to start getting these things fixed right away. so that money will be put to work. so $30 billion is...
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Nov 3, 2012
11/12
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i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price you need demand. if there's a shortage of supply, sure, that can mean something. but not if there's no demand, right? if you have a shortage of a supply at some product nobody likes you can't raise price. it doesn't mean anything. that's why we focus on demand on the show. a company that's got their earnings stars before you buy it. use the eps to figure out the company's growth rate and take it from there. "mad money" will be right back. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet jim cramer #madtweets. or give us a call at 1-800-743-cnbc. miss something? head to "mad money".cnbc.com. madmoney.cnbc.com. >>> welcome back to "mad money" special earnings season companion show. how not to be overwhelmed by earnings reports and put them in perspective so you can profit from them in an informed and confident way to make money at home. we just went over how i
i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price you need demand. if there's a shortage of supply, sure, that can mean something. but not if there's no demand, right? if you have a shortage of a supply at some product nobody likes you can't raise price. it doesn't mean anything. that's why we focus on demand on the show. a company that's got their earnings...